PureCycle Technologies Inc. (PCT) Insider Trading: What Insights Can Be Gained?


As of Friday close, PureCycle Technologies Inc.’s (NASDAQ:PCT) stock was down -$0.41, moving down -6.17 percent to $6.24. The average number of shares traded per day over the past five days has been 5,965,440 shares. 4 times new highs have been achieved over the past 5 days, with a $1.38 gain in that time frame. In the last twenty days, the average volume was 3,162,640, while in the previous 50 days, it was 2,053,748.

Since last month, PCT stock retreated -14.52%. Shares of the company fell to $4.44 on 03/09/23, the lowest level in the past month. A 52-week high of $10.95 was reached on 01/23/23 after having rallying from a 52-week low of $4.44. Since the beginning of this year, PCT’s stock price has dropped by -7.69% or -$0.52, and marked a new high 9 times. However, the stock has declined by -43.01% since its 52-week high.

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PCT stock investors should be aware that PureCycle Technologies Inc. (PCT) stock had its last reported insider trading activity 104 days ago on Dec 04. Olson Dustin, the Chief Executive Officer of the company, disposed of 1,174 shares for $6.51 on Dec 04. It resulted in a $7,643 divestment by the insider. Scott John Stewart sold 72,716 shares at an average price of $7.42 on Jul 20. The insider now owns 1,159,709 shares following the transaction. On Jul 19, Director Scott John Stewart sold 73,546 shares at $7.17 apiece. The transaction was valued at $527,215.

Financial Health

In the three months ended September 29, PureCycle Technologies Inc.’s quick ratio stood at 7.00, while its current ratio was 7.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.45. Based on annual data, PCT earned -$2.64 million in gross profit and brought in $81.32 million in revenue.

In PureCycle Technologies Inc.’s quarter-end financial report for September 29, it reported total debt of $233.51 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected PureCycle Technologies Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by -90.90%. During the quarter, the company generated -$19.72 million in EBITDA. The liabilities of PureCycle Technologies Inc. were 350.45 million at the end of its most recent quarter ended September 29, and its total debt was $252.32 million. The value of shareholders’ equity is $163.67 million.

Technical Picture

This quick technical analysis looks at PureCycle Technologies Inc.’s (PCT) price momentum. With a historical volatility rate of 211.53%, the RSI 9-day stood at 56.52% on 17 March.

With respect to its five-day moving average, the current PureCycle Technologies Inc. price is up by +28.40% percent or $1.38. At present, PCT shares trade -12.11% below its 20-day simple moving average and -25.71% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.44% below its SMA50 and -26.93% below its SMA200.

Stochastic coefficient K was 55.51% and Stochastic coefficient D was 33.70%, while ATR was 0.70. Given the Stochastic reading of 67.67% for the 14-day period, the RSI (14) reading has been calculated as 51.18%. As of today, the MACD Oscillator reading stands at 0.69, while the 14-day reading stands at 0.43.

Analyst Ratings

Stifel launched its rating on PureCycle Technologies Inc. (NASDAQ: PCT) to a Buy in a note to investors on September 16, 2022. PureCycle Technologies Inc. (PCT) has been rated Buy by analysts. According to 0 brokerage firms, PCT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PureCycle Technologies Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $12.25, the current consensus forecast for the stock is $10.00 – $30.00. Based on these forecasts, analysts predict PureCycle Technologies Inc. (PCT) will achieve an average price target of $15.08.


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